How speeding up payments to small businesses creates jobs — Jean-Noel Barrot

MIT Sloan Asst. Professor Jean-Noël Barrot

MIT Sloan Asst. Prof. Jean-Noël Barrot

From The Conversation

Operating a small business, the backbone of the U.S. economy, has always been tough.

But they’ve also been disproportionately hurt by the Great Recession, losing 40 percent more jobs than the rest of the private sector combined.

Interestingly, as my research with Harvard’s Ramana Nanda shows there’s a fairly straightforward way to support small businesses, make them more profitable and hire more: pay them faster.

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